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in the next half hour, we'll talk about the prospect for a fiscal cliff deal with california's democratic congressman xavier becerra. >>> the rain and flooding are relentless in northern california. four storms in less than a week left at least one death now attributed to those storms. and more rain is expected today. let's get right to meteorologist rob marciano. he is following it all from the cnn weather center in atlanta. good morning. >> good morning, zoraida. this is the worst stretch of storms that northern california has seen really in about two years. another punch today then we'll set up for a dry trend. the good news is that it has been dry so the ground, even though we've seen a lot of major flooding, the ground has absorbed a fair amount of it. seattle to portland, rain right now. snow at the highest elevations, and the rain will eventually push down into san francisco and sacramento later on today. this system is actually messing up the atmosphere and creating a lot of warmth across much of the country. if you live anywhere east of the rockies, actually anywhere east of the
in the next half hour, we'll talk about the prospect for a fiscal cliff deal with california's democratic congressman xavier becerra. >>> the rain and flooding are relentless in northern california. four storms in less than a week left at least one death now attributed to those storms. and more rain is expected today. let's get right to meteorologist rob marciano. he is following it all from the cnn weather center in atlanta. good morning. >> good morning, zoraida. this is the...
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Dec 3, 2012
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so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham said. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare, medicaid and social security from imminent bankruptcy. the president's plan when it comes to entitlement form is quite frankly a joke. >> so over the weekend the sunday shows, you sa
so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator...
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. >>> when we come back, fiscal cliff proposal, counterproposal, the white house hates what the republicans are proposing. the republicans hate what the white house is proposing. they apparently are no closer to a deal. we'll have the details on the latest republican counteroffer to the president's proposal. r t, the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodg
. >>> when we come back, fiscal cliff proposal, counterproposal, the white house hates what the republicans are proposing. the republicans hate what the white house is proposing. they apparently are no closer to a deal. we'll have the details on the latest republican counteroffer to the president's proposal. r t, the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth....
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we'll wait for a deal on the fiscal cliff. low volume as well today. the dow closed down yesterday at 12,966. but can it gets over that 13,000 mark for the new year? pill * police say she is running out of time. an 11-year-old girl taken from the cancer ward by her mother as seen on this surveillance camera. police say if she is not found soon she could die. now a new clue was just uncovered by police, and that's next. martha: president obama may be turn together fashion world for this next ambassador to france. he may be considering anna wintour. she was a top fundraiser who helps organize a dinner. it brought in $8.2 million. we have fundraisers take on those posts. she has denied she wants it so far. we'll see. bill: 6-hour plane flight. there are new developments on the search for a u.s. girl wanted. her father was stopped at the border by police. her mother removed her mother's i.v. and walked her out of the hospital without notifying doctors. the child has a catheter in her heart. if it's not removed. there is a possibility an infection could kil
we'll wait for a deal on the fiscal cliff. low volume as well today. the dow closed down yesterday at 12,966. but can it gets over that 13,000 mark for the new year? pill * police say she is running out of time. an 11-year-old girl taken from the cancer ward by her mother as seen on this surveillance camera. police say if she is not found soon she could die. now a new clue was just uncovered by police, and that's next. martha: president obama may be turn together fashion world for this next...
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paul ryan passed two years of budgets to deal with -- >> not fiscal cliff. >> republicans have plenty of plans on the table in terms of tax reform and entitlement reform and spending reform all of which we need to do. this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2 trillion dollars in defense cuts because he wants to cut the military and wants an unlimited credit card in terms being allowed unilaterally to raise the debt limit. he wants all of these things and he knows he will not get blamed for it. the republicans will get blamed for it no matter what happens. the gop will get blamed for it because the mia is protective the president. he has nothing to lose, jon. he is willing to go over the cliff. >> i think what he is say take us over the cliff and vote with the democrats and dare republicans not vote it for 90% of the americans wouldn't be affected by top two tax rate
paul ryan passed two years of budgets to deal with -- >> not fiscal cliff. >> republicans have plenty of plans on the table in terms of tax reform and entitlement reform and spending reform all of which we need to do. this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2...
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and the republicans' counterproposal on the fiscal cliff. stay right here. >>> i'm ali velshi. this is your money. house speaker john boehner called white house efforts to make a deal preposterous. the republican counter we're hearing about which extends the bush tax cuts for everybody including the wealthiest americans won't get washington any closer to a deal. washington's reckless behavior is already having serious economic consequences. i'm going to show you how and make sure you understand the truth about that raising taxes would mean for the economy, but first, set aside the doom and gloom of the fiscal cliff for a moment, let's look at today's money menu. check out auto sales up big in november. sales of gm cars were up 3.4%. ford saw a 6.5% jump in sales and chrysler shot up 14%. u.s. autos are on track to see their best sales month nationwide since february of 2008 as the big three continues to put the auto bailout in the rear view mirror. ford never took the bailout money from the government. what's sibehind the surge in au sales, no short cuts. the jobs outlook is lo
and the republicans' counterproposal on the fiscal cliff. stay right here. >>> i'm ali velshi. this is your money. house speaker john boehner called white house efforts to make a deal preposterous. the republican counter we're hearing about which extends the bush tax cuts for everybody including the wealthiest americans won't get washington any closer to a deal. washington's reckless behavior is already having serious economic consequences. i'm going to show you how and make sure you...
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the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual meetings with the top four leaders of congress. what republicans have said they want to hear, and republicans will be critical, because they need republican support to get any final fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the administration. one of the meetings today will be with senate republican leader mitch mcconnell who a short time ago sounded pretty fired up. >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is the holy gr
the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual...
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dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion in stimulus spending. democrats see this really as sort of the opening salvo in these negotiations. early on in this process, both sides appear to show some level of optimism that this would get done. in the last few days and certainly yesterday it just seems like both sides are so far apart, it's not unusual for us to see this kind of posturing and other negotiations, tough negotiations over the last four years or so. you'll see things build up whether it appears that it's going to get done. then they fall apart. in the end it does happen
dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare....
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if you say the right thing about the fiscal cliff deal, boy, will these markets turn on a dime and i would like to be optimistic. neither taxes nor spending nor entitlements were solved today. in fact, president obama never even mentioned the word spending. the one thing we do know, your taxes are going up from an obama care tax attack. no matter what happens on the fiscal cliff. and is another bailout nation on the way? student loans up to $1 trillion, huge delinquency rates, default rates going sky high, no credit standards and sky high tuition. sound likes a real bad story to me. ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank finefein. >> the highlight of the meeting was the intensity from which the white house emphasized that marge al rates as a matter of math and politics have to go up somewhat, if not all the way to 31.6 had to go up and as p he said as a necessary ingredient of a deal, he would support such a rate. >> the president said we would pursue our own int
if you say the right thing about the fiscal cliff deal, boy, will these markets turn on a dime and i would like to be optimistic. neither taxes nor spending nor entitlements were solved today. in fact, president obama never even mentioned the word spending. the one thing we do know, your taxes are going up from an obama care tax attack. no matter what happens on the fiscal cliff. and is another bailout nation on the way? student loans up to $1 trillion, huge delinquency rates, default rates...
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more bluster from both sides of the fiscal cliff deal. but is there actually a deal in the making?
more bluster from both sides of the fiscal cliff deal. but is there actually a deal in the making?
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. >>> 31 days left for lawmakers to reach a fiscal cliff deal. cnbc is heading to the home states of key congressional leaders involved in negotiations. today john harwooden in kentucky. senate republican leader mitch mcconnell's home state to find out how the fiscal cliff is impacting constituents there. >> reporter: in the senate, the challenges is bringing together red states and blue states. mitch mcconnell's kentucky is horse country. of the states represented by top congressional leaders, it's the reddest of all. >> among the top leaders of congress involved in fiscal cliff negotiations, the one facing the most home state pressure may be senate republican leader mitch mcconnell. he faces re-election in kentucky, a state where the tea party movement is alive and well. president obama may have won this election but two years ago leaders of the tea party movement elected ron paul's son rand as kentucky senator over an establishment republican. one leader of that movement who runs a high-end audio equipment business says they could do the same
. >>> 31 days left for lawmakers to reach a fiscal cliff deal. cnbc is heading to the home states of key congressional leaders involved in negotiations. today john harwooden in kentucky. senate republican leader mitch mcconnell's home state to find out how the fiscal cliff is impacting constituents there. >> reporter: in the senate, the challenges is bringing together red states and blue states. mitch mcconnell's kentucky is horse country. of the states represented by top...
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i'm not monty hall but let's make a deal because we need one on the fiscal cliff. both parties pointing fingers at the other guys. the markets are turning on every comment and every real talking head. >>> let's take a look at what's happening out there in the markets. bob pisani is covering today's wild swings. eamon javers is on the political back-and-forth. bob, start with you. as we saw the market got boehner, then got schumered to the up side as well. what do you think the market wants to hear from these guys? >> two things. very simple. they want a deal within the next -- end of month of december and it has to be substantive. there's two parts . a deal soon and it has to be substantive. boehner came out 11:30 eastern time said no substantive progress is made. that's what happens to the smasht. then the democrats started talking, senator schumer came out and said he was confident a deal would be reached by christmas. the market goes up. that's the deals we're looking for. bottom line is this -- the market believes something is going to happen because it's been
i'm not monty hall but let's make a deal because we need one on the fiscal cliff. both parties pointing fingers at the other guys. the markets are turning on every comment and every real talking head. >>> let's take a look at what's happening out there in the markets. bob pisani is covering today's wild swings. eamon javers is on the political back-and-forth. bob, start with you. as we saw the market got boehner, then got schumered to the up side as well. what do you think the market...
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lawmakers wrestling to make a deal to keep us from going over the so-called fiscal cliff taking to the airwaves. house speaker john boehner rejecting the proposal and calling talks a waste of time and treasury secretary timothy geithner standing firm saying there will be no deal without raising taxes for top earners. a new and unusual storm system bringing inches of rain and strong winds to northern california and parts of the pacific northwest. today's round predicted to be the worst of series that have come already, bringing flooding problems in several areas, but there is more rain to come. the taliban targeting a joint u.s.-afghan base killing at least five afghans. and the gun battled lasted two hours, no americans were hurt in the attack. new developments tonight for america's strongest ally and friend in the middle east, israel. it follows last week's decision by the united nations general assembly to upgrade the palestinian status from observer entity to non-member state, a move both israel and the u.s. voted against. today, israel announcing a decision of its own, the palestin
lawmakers wrestling to make a deal to keep us from going over the so-called fiscal cliff taking to the airwaves. house speaker john boehner rejecting the proposal and calling talks a waste of time and treasury secretary timothy geithner standing firm saying there will be no deal without raising taxes for top earners. a new and unusual storm system bringing inches of rain and strong winds to northern california and parts of the pacific northwest. today's round predicted to be the worst of series...
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cliff at year's end. it would raise the eligibility for medicare lower. but the plan would keep all bush-era tax cuts in place, including those for the wealthy. the president says that is a deal-breaker. >>> and the editor in chief at "vogue" magazine could become a top debit. bloomberg reporting that president obama may nominate anna wintour, as the next ambassador to either britain or france. she was among the president's top campaign fund-raisers. >>> and this morning, a powerful teachers union is trying to raise the bar for teachers, calling for a tough, certification test, not unlike the bar exam for lawyers. the federation of teachers want to maintain a 3.0 grade point average and have ten hours of field experience. sound like good ideas. >>> the flu season has arrived already. the earliest in nearly a decade. officials are warning the primary strain making the rounds right now is more severe than others, especially for the elderly. >>> finally, a reminder. never a good idea to show off. a man who w
cliff at year's end. it would raise the eligibility for medicare lower. but the plan would keep all bush-era tax cuts in place, including those for the wealthy. the president says that is a deal-breaker. >>> and the editor in chief at "vogue" magazine could become a top debit. bloomberg reporting that president obama may nominate anna wintour, as the next ambassador to either britain or france. she was among the president's top campaign fund-raisers. >>> and this...
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with the fiscal cliff. the problem with closing loopholes is it's difficult to get anywhere near the type of revenue you can get from the rates on the higher income. >> fair enough. now if there is a compromise and you get the rates you want, don't you have to give up something? what key government function that's important to senator cardin would you put on the fable and a hey, i'll let this go to get something i want? >> we've always said it's got to be balanced between revenue and spending cuts. we understand and know we need to bring down the cost of healthcare. if we can bring down the cost of healthcare, we can save the economy money. >> would you be willing to see the medicare enrollment age raised? >> all that does is shift the cost to other people. we've got to bring down the cost of healthcare. our economy pay as to much for the healthcare dollars. we've got to get better results. >> is there anything else you can specifically put on the table? i got to press you on this that would hurt you the wa
with the fiscal cliff. the problem with closing loopholes is it's difficult to get anywhere near the type of revenue you can get from the rates on the higher income. >> fair enough. now if there is a compromise and you get the rates you want, don't you have to give up something? what key government function that's important to senator cardin would you put on the fable and a hey, i'll let this go to get something i want? >> we've always said it's got to be balanced between revenue...
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. >>> we're now just one month away until the fiscal cliff deadline. and while the deal will actually be made in washington, politicians are taking their message on the road and straight to the voters. cnn political editor paul steinhouser has more. >> good morning. the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign
. >>> we're now just one month away until the fiscal cliff deadline. and while the deal will actually be made in washington, politicians are taking their message on the road and straight to the voters. cnn political editor paul steinhouser has more. >> good morning. the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to...
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another week without a deal to avoid going over the fiscal cliff. and there's just one more month left of trading this year. so what is in store for investors this december? let me bring in our guests. good to see everybody. stephanie, let me get your take on investing around this fiscal cliff. before that, give me your take on this morgan stanley rebalance. what do you think happened at end here with the the market up just about a point? >> i think it just added to the volatility. that's the theme for the next couple of weeks. we are going to see a very volatile environment until we get a resolution. so in the short-term, you're kind of trading range bound in the market. i think you want to take advantage of the extremes. so into these big positive moves, you take a little off. it's not a bad thing to take profits and to have cash. i do think that when you see the market pull back and you see extremes in terms of on the downside, i think you want to be buying because i think once you get this fiscal cliff resolution, whenever it is, i think the mar
another week without a deal to avoid going over the fiscal cliff. and there's just one more month left of trading this year. so what is in store for investors this december? let me bring in our guests. good to see everybody. stephanie, let me get your take on investing around this fiscal cliff. before that, give me your take on this morgan stanley rebalance. what do you think happened at end here with the the market up just about a point? >> i think it just added to the volatility. that's...
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so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the middle management layers,
so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of...
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new push for the deal for fiscal cliff, not apparent for progress of this moment. the clock is ticking down. end the year for mandatory tax hikes set to kick in. welcome to new hour of "america's news headquarters." i'm eric shawn. >> i'm jamie colby. more talk of the miscall cliff is coming. house speaker john boehner in an exclusive interview with "fox news sunday" saying, "we're nowhere" in fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spendin
new push for the deal for fiscal cliff, not apparent for progress of this moment. the clock is ticking down. end the year for mandatory tax hikes set to kick in. welcome to new hour of "america's news headquarters." i'm eric shawn. >> i'm jamie colby. more talk of the miscall cliff is coming. house speaker john boehner in an exclusive interview with "fox news sunday" saying, "we're nowhere" in fiscal cliff talks with democrats. treasury secretary tim geithner...
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. >>> we're turning to the high stakes stalemate some washington over the fiscal cliff. everyone's taxes go up. massive spending cuts take hold in just 29 days if the white house and congress can't reach a deal. and they are barely talking right now. abc's jon karl has the latest. good morning, jon. >> reporter: good morning, george. with less than a month to go, the two sides are as far apart as they have ever been. overnight, the president released a new campaign-style video aimed squarely at republicans. >> we need to get tax relief to working families. >> reporter: this morning, about the only thing that the two sides agree on is that going over the so-called fiscal cliff would be a big blow to the economy. >> it would be very damaging to average americans. there's no doubt about it. >> going over the cliff will hurt our economy, will hurt our job creation in our country. it's not fair to the american people. >> reporter: without a deal to cut the deficit, almost everybody's income taxes will go up january 1st. it's more than that. there will be automatic cuts to def
. >>> we're turning to the high stakes stalemate some washington over the fiscal cliff. everyone's taxes go up. massive spending cuts take hold in just 29 days if the white house and congress can't reach a deal. and they are barely talking right now. abc's jon karl has the latest. good morning, jon. >> reporter: good morning, george. with less than a month to go, the two sides are as far apart as they have ever been. overnight, the president released a new campaign-style video...
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avoiding the fiscal cliff. mr. obama and house speaker john boehner took a step yesterday, speaking about the standoff on the phone. i guess at least they weren't texting, right? while the details of their chat remain private, both men continued to talk past each other in public. >> let's allow higher rates to go up for the top 2%. >> there are ways to limit deductions, close loopholes, and have the same people pay more, more of their money to the federal government, without raising tax rates, which we believe will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousands of e-mails in the case have been released. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june, holmes began speci
avoiding the fiscal cliff. mr. obama and house speaker john boehner took a step yesterday, speaking about the standoff on the phone. i guess at least they weren't texting, right? while the details of their chat remain private, both men continued to talk past each other in public. >> let's allow higher rates to go up for the top 2%. >> there are ways to limit deductions, close loopholes, and have the same people pay more, more of their money to the federal government, without raising...
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signs, perhaps, of a potential compromise there to avoid the so called fiscal cliff that would raise taxes on a typical american family by some $2,200. republican congressman tom cole, of oklahoma, is urging republicans to accept president obama's deal and allow the bush-era tax cuts on the wealthy to expire for now. so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the
signs, perhaps, of a potential compromise there to avoid the so called fiscal cliff that would raise taxes on a typical american family by some $2,200. republican congressman tom cole, of oklahoma, is urging republicans to accept president obama's deal and allow the bush-era tax cuts on the wealthy to expire for now. so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today,...
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but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake tapper, abc new, the white house. >> that's scary, 11 days. fellows you sit up there until it gets wrapped up. quick synopsis, gop, $800 billion in revenue through tax reform on the table. that's not what the white house wants. they want tax rates to go up as oppose to revenue going up which would include closing some loopholes. kind of one of the sticking points. >> and speaker of the house john boehner sent a nice little hallmark card, a letter to the president. i want to read you an excerpt. he set the american people rightly expect both parties to come together on a fair middle ground and address the nation's most pressing challenges. the proposal calls for $1.
but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake tapper, abc new, the white house. >> that's scary, 11 days....
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and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of
and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan...
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fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is pretty clear to me they made a political calculation. >> president barack obama and gop leaders held one face to face meeting on the fiscal cliff since the election. that meeting took place more than two weeks ago. >>> the kansas city chiefs suited up and took the field today against carolina. that's despite the shock and horror of yesterday's suicide of linebacker jevon belcher. stay right there with full details in a full report on cnn in just a minute. >>> high winds and heavy rain are pummeling the northwest. the rainfall will continue throughout the day. some places have a
fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is...
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as far as the big players it doesn't mean to be a lot of movement on the fiscal cliff. here is what the senate minority leader had to say. >> i hope at some point here the president will understand that there will be no solution to this. i remind people that there is only one person out of 307 million americans who can sign something in law. that is the president. only one person can support a deal he makes. that is the president. >> tucker carlson. nina easton and charles krauthammer. welcome back. what do you think? >> one thing that we learned about the white house is it's very good at raw political maneuvering. this dates back to obamacare. where it changed the rules in the senate to squeeze that through. this white house knows taxing the rich is popular position about they know making difficult decisions like changing medicare to raise the age for example to lower the cost of medicare needs to be done is a very unpopular decision. they know that if a decision, if they don't come to a grand bargain, republicans are going to be blamed. so they have every interest in
as far as the big players it doesn't mean to be a lot of movement on the fiscal cliff. here is what the senate minority leader had to say. >> i hope at some point here the president will understand that there will be no solution to this. i remind people that there is only one person out of 307 million americans who can sign something in law. that is the president. only one person can support a deal he makes. that is the president. >> tucker carlson. nina easton and charles...
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president obama takes to the road today to pitch his already rejected deal to solve the fiscal cliff. he will be traveling to pennsylvania to push his pitch for tax increases on the wealthy. republicans say the campaign-style tactics are getting in the way of productive talks. more companies are announcing special dividends in anticipation of higher tax rates after the new year. whole foods announced a $2 a share special dividend. also declaring one-time payouts, regal entertainment ends on pharmaceuticals and intel labs among other companies. >>> the german parliament has given its approval to the greek debt deal approved by european finance ministers earlier this week. that means that greece can receive about $57 billion in rescue loans. >>>. >> our guest host today is with us trying to rise above and fix the debt. larry, former chairman and ceo of honeywell. one of our favorite guest hosts. you come about once every quarter, larry. >> i do. >> once a quarter. and -- i don't know. last quarter was -- seems like 10, 15 years ago at this point. doesn't it? >> it does to you. to me it
president obama takes to the road today to pitch his already rejected deal to solve the fiscal cliff. he will be traveling to pennsylvania to push his pitch for tax increases on the wealthy. republicans say the campaign-style tactics are getting in the way of productive talks. more companies are announcing special dividends in anticipation of higher tax rates after the new year. whole foods announced a $2 a share special dividend. also declaring one-time payouts, regal entertainment ends on...
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realistically, when do you need to get a deal done to avoid the country from going off the fiscal cliff? know there is limited days. >> yes. jenna: when does an actual deal have to be done so it gets through those logistical processes we know need to be done in both the house and the senate? >> the sooner we can get a deal the better. speaker boehner, as i said, he, the day after the election, said, okay, we'll put tax revenue on the table. let's start the negotiations. you know this can be done. president reagan and tip o'neill back in the early '80s, they negotiated a deal to save social security and address tax reform and the other entitlement programs, the spending --. jenna: if i could. reagan famously said trust but verify. >> yes. jenna: why should we trust you? why should we trust lawmakers in office now they can do this? >> because i would say we're either going to succeed together or we're going to fail together but it is so important because congress has a history where we've seen taxes go up but the spending side not addressed. in a balanced approach means that we're going t
realistically, when do you need to get a deal done to avoid the country from going off the fiscal cliff? know there is limited days. >> yes. jenna: when does an actual deal have to be done so it gets through those logistical processes we know need to be done in both the house and the senate? >> the sooner we can get a deal the better. speaker boehner, as i said, he, the day after the election, said, okay, we'll put tax revenue on the table. let's start the negotiations. you know...
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so let's do some kind of a deal now and that will keep us from going over the fiscal cliff. then let the tax cuts expire for the wealthy january 1st. it happens. then you can do some kind of negotiation. and that keeps us from going over the fiscal cliff. it's going to happen anyway, right? >> this is the very kind of shell game they run in washington. if you'll just give me my tax increases today, i surely will give you your spending restraint tomorrow. >> but you have no leverage in the debate. >> we never see these spending reductions materialize. that's the problem. we're borrowing roughly 40 cents on the dollar, much of it from the chinese, sending the bill to our children and grandchildren. that's unwise and unsustainable. frankly, i think it's immoral. and what you're saying is that republicans ought to agree, and somehow vote for a big proposed tax increase in hopes that in decade decades to come that this president will do something about spending. >> no, i didn't say that. what i said was why not -- why don't republicans and democrats vote for a tax -- to keep the
so let's do some kind of a deal now and that will keep us from going over the fiscal cliff. then let the tax cuts expire for the wealthy january 1st. it happens. then you can do some kind of negotiation. and that keeps us from going over the fiscal cliff. it's going to happen anyway, right? >> this is the very kind of shell game they run in washington. if you'll just give me my tax increases today, i surely will give you your spending restraint tomorrow. >> but you have no leverage...
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they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cuts and domestic spending and defense spending, the mandatory increases across the board taxes from everyone if we go over that fiscal cliff, you got to compromise. there's nothing wrong with compromise. to some liberals on the far left, conservatives on the far right, compromise is a dirty word. you should never compromise with the other side. they hate that. they rather go over the fiscal cliff but the overwhelming majority of americans totally disagree with those hard line positions on the extreme left and the extreme right. they want to compromise and they want a deal and they want the president and john boehner, the republican leadership and democrati
they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cuts and domestic spending and defense spending, the mandatory increases across the board taxes from everyone if we go...
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avert that fiscal cliff. the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just flabbergasted. i looked at him, i said, you can't be serious. i've never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. >> you know, i think right now the best thing to do is for them to come to us and say, look, here's what we think makes sense. we've told them what we think makes sense. what we can't do is try to figure out what's going to be good for them. they have to come tell us. >> house mino
avert that fiscal cliff. the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise....
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. >> trying to get two sides come together to come to a deal on the fiscal cliff. >> i don't know about young people's abilities to force cats and dogs and democrats and republicans to come together to find a deal. he had a much more profound message than just simply dancing in that clip, in that psa essentially. he was trying to alert young people to the fact that old people, bluntly, are organized. look at the army of aarp representatives that ensure that programs like medicare and social security, programs that take up something like 50% of our federal budget will remain intact and won't be subjected to the necessary reform to last for young people to ever reach them. the problem is that young people don't think life goes on after the age of 30. if you're on twitter and facebook, that's a long way away. why are you worried about entitlements? >> the funny thing is that president obama is using social media to do the exact same thing. for example, he will visit a virginia middle class family today. they were part of his twitter verse. that's why he chose them. he must think that talki
. >> trying to get two sides come together to come to a deal on the fiscal cliff. >> i don't know about young people's abilities to force cats and dogs and democrats and republicans to come together to find a deal. he had a much more profound message than just simply dancing in that clip, in that psa essentially. he was trying to alert young people to the fact that old people, bluntly, are organized. look at the army of aarp representatives that ensure that programs like medicare...
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. >>> well, another day of fiscal cliff drama made for choppy trading on wall street thursday. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets bounced back by the afternoon. >>> economic data was positive at home thursday. we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> meanwhile, a number of retailers posted poor sales hammered by superstorm sandy's impact on the northeast. >>> a bankruptcy judge has given hostess final clearance to start selling off assets and approved $1.8 million in bonuses for company executives. >>> verizon wireless tops this year's "consumer reports'" ranking of major carriers. it was at&t that came in last behind sprint and t-mobile, except among 4g users where it was the best. >>> where is the best country to be born in 2013? well, when factoring in life expectancy, divorce rates, and rainfall, it's switzerland accord
. >>> well, another day of fiscal cliff drama made for choppy trading on wall street thursday. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets bounced back by the afternoon. >>> economic data was positive at home thursday. we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record...
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nothing official, but they are expected to discuss strategies for dealing with the fiscal cliff. tim ' ner, the chief fiscal cliff negotiator meets today with congressional leaders to get the negotiations moving. >>> while you were sleeping lindsay lohan was arrested -- again. the new york city police department took her in after a fight at a club here in the city. officers say there is a possibility lohan hit a woman. they didn't confirm if she's being charged with anything at this point. >> lindsay lohan, club, 4:00 a.m., new york, bad combination. >>> anything can happen on the streets of new york city including a pony and a zebra running free on staten island. they escaped from the pen in the yard where they live but they were returned to the owner. >> is the zebra chasing the pony? >> looks like it. >>. >>> the new york times reporting on an officer who's a hero. he's kneeling down to put a new pair of boots on a homeless man. the 25-year-old officer purchased them at a nearby shoe store after noticing that the man was barefoot and was blistering. a woman from arizona snappe
nothing official, but they are expected to discuss strategies for dealing with the fiscal cliff. tim ' ner, the chief fiscal cliff negotiator meets today with congressional leaders to get the negotiations moving. >>> while you were sleeping lindsay lohan was arrested -- again. the new york city police department took her in after a fight at a club here in the city. officers say there is a possibility lohan hit a woman. they didn't confirm if she's being charged with anything at this...
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to avoid the so-called fiscal cliff. he's hoping to build public support for his plan to raise taxes on top earners. >>> a connecticut woman who was severely mauled by a friend's pet chimpanzee in 2009 has reached a settlement agreement with the estate of the now deceased owner. it calls for the victim to receive about $4 million in property and cash. nash's family is still trying to sue the state of connecticut. >>> now for a look at what's trending today. our quick roundup of what has you talking online. naks michael jackson's father joe jackson is a top search after his family revealed he suffered a mild stroke this week. the 83-year-old jackson is said to be in good spirits and ready to leave a las vegas hospital as early as today. >>> the white house has released this video of bo, the obama family portuguese water dog. he can be seen going from room to room sniffing out the holiday decorations, including that toy replica of himself. just wish we knew what bo was thinking, probably though approved of the decorations.
to avoid the so-called fiscal cliff. he's hoping to build public support for his plan to raise taxes on top earners. >>> a connecticut woman who was severely mauled by a friend's pet chimpanzee in 2009 has reached a settlement agreement with the estate of the now deceased owner. it calls for the victim to receive about $4 million in property and cash. nash's family is still trying to sue the state of connecticut. >>> now for a look at what's trending today. our quick roundup...
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." >>> another day of fiscal cliff drama. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets did bounce back by the afternoon. >>> economic data was positive thursday, but we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> the number of retailers posted poor sales hammered by superstorm sandy's impact on the northeast. >>> a bankruptcy judge has given hostess final clearance to start selling off assets and approved $1.8 million in bonuses for company executives. >>> verizon wireless tops this year's "consumer reports" ranking of major carriers. it was at&t that came in last behind sprint and t-mobile, except among 4g users where it was the best. >>> and where is the best country to be born in 2013? well, when factoring in life expectancy, divorce rates and rainfall, it's switzerland, according to
." >>> another day of fiscal cliff drama. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets did bounce back by the afternoon. >>> economic data was positive thursday, but we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> the number...
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if the fiscal cliff and the deal and what happens if we go off of the cliff. it really is a dnplatform. higher taxs and defense spending and isn't that what their platform said. they want to go off of the fiscal cliff. then negotiations fail president obama will not get blamed. it is someone else. >> gretchen: marjorie that sounds right other than the middle class getting hit with a tax hike isn't everything that ron just part of the dnc. >> it is it a big issue. president obama and really american people don't want to see middle class americans pay additional 2000 in taxes n which is what will happen in addition to cuts to programs . we want to cut and the american people want to see cut. there is it a few things. first more americans would blame the republicans and not president obama if we went off of the fiscal cliff. that is a motivation. >> brian: yeah. >> gretchen: ron, why do they feel that way? >> brian:ip totally agree with you. looking at polls and say republicans will get blamed and so why not runuss off of the cliff. >> republicans should have the
if the fiscal cliff and the deal and what happens if we go off of the cliff. it really is a dnplatform. higher taxs and defense spending and isn't that what their platform said. they want to go off of the fiscal cliff. then negotiations fail president obama will not get blamed. it is someone else. >> gretchen: marjorie that sounds right other than the middle class getting hit with a tax hike isn't everything that ron just part of the dnc. >> it is it a big issue. president obama and...
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that's right. 29 days until the fiscal cliff. the real deadline could be even closer. one of the negotiators tells cbs news that to actually get the deal done by the end of the year a plan needs to be in place by but at nd-december. ut at the moment, very few are optimistic about that. >> t >> there's no path to an ag agreement. thates not involve republicans acknowledging that rates have to go up for the wealthiest americans. geithneury secretary tim ompromisetalked tough on sunday. promising any compromise must n thede a tax rate increase on the wealthy. >> the only thing that stands in the way of an agreement that's wa ood for the american economy is that a group of republicans weade they're going to block e's increase in tax rates on wealthy americans. >> reporter: geithner says he's optimistic a deal is possible. even as a key negotiator tells bs news the deadline to reach 15tromise is december 15th. e foress needs time for the rocessative process to work. to the house and senate to pass presidentnd for the president to sign it by december 31st. >> right now i wou
that's right. 29 days until the fiscal cliff. the real deadline could be even closer. one of the negotiators tells cbs news that to actually get the deal done by the end of the year a plan needs to be in place by but at nd-december. ut at the moment, very few are optimistic about that. >> t >> there's no path to an ag agreement. thates not involve republicans acknowledging that rates have to go up for the wealthiest americans. geithneury secretary tim ompromisetalked tough on...
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to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner ha
to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said...
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. >> do you think some of the concern on the fiscal cliff is overbrought? >> you know what they are probably going to come up with something. if not on january 1st, then they will come up with some deal to make a deal, kicking the can down the road. >> gregg: which is congress's job. [ laughter ] >> and more important than the fiscal cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening. >> gregg: i was reading economists and they say household purchases, wages in salary going down, durable goods decreasing now we have manufacturing coming out on monday as well as jobs report on thursday or friday? >> yeah, the jobs report is expected to be very dismal, about 75,000 net jobs. some of that is because of sandy, but housing m
. >> do you think some of the concern on the fiscal cliff is overbrought? >> you know what they are probably going to come up with something. if not on january 1st, then they will come up with some deal to make a deal, kicking the can down the road. >> gregg: which is congress's job. [ laughter ] >> and more important than the fiscal cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of...
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we'll talk about the prospects for a deal on the fiscal cliff in the next half hour when we're joined by democratic congresswoman sheila jackson lee of texas and republican congressman tim huelskanm. >>> the united nations general assembly voted overwhelmingly yesterday to upgrade the status of the palestinian authority to non-member state. palestinians celebrated this endorsement of the move towards statehood. but the united states and israel strongly opposed the resolution. cnn foreign affairs reporter elise labott is in washington to explain what it all means. why do the u.s. and israel think this is not a good move for -- for palestinians? >> well, christine, i mean, it signals the frustration on the part of the world, and the lack of the peace process. and what the u.s. is saying is that it really doesn't give the palestinians what they want, which is an actual state. it doesn't give them borders. it doesn't give them any sovereignty. and so all of their u.s. argues is going to do is antagonize israel and lead to more frustration if israel withdraws -- withholds revenue, with it'
we'll talk about the prospects for a deal on the fiscal cliff in the next half hour when we're joined by democratic congresswoman sheila jackson lee of texas and republican congressman tim huelskanm. >>> the united nations general assembly voted overwhelmingly yesterday to upgrade the status of the palestinian authority to non-member state. palestinians celebrated this endorsement of the move towards statehood. but the united states and israel strongly opposed the resolution. cnn...
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jenna: epic journey, not the fiscal cliff, that is epic journey. this epic journey is breaking the boundaries of human endurance. running seven ultramarathons on seven continents in seven days? why did he do it? turns out he was doing good at the same time he was running. we'll speak to him live about his ad venture next. w way. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. year ahead a little inspiration for the year ahead. half a million americans ran marathons. just over 50,000 completed ultramarathons. for some perspective that is 2% of the u.s. population doing regular marathons and .02% of us that do ultramarathons. it is a
jenna: epic journey, not the fiscal cliff, that is epic journey. this epic journey is breaking the boundaries of human endurance. running seven ultramarathons on seven continents in seven days? why did he do it? turns out he was doing good at the same time he was running. we'll speak to him live about his ad venture next. w way. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i...
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Nov 30, 2012
11/12
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KPIX
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cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the debt ceiling. both sides remain at a standoff over the issue of raising taxes on higher income earners. but the president said he will not sign any bill that does not include higher taxes for top earners. the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $100,000 in $100 bills to victims of superstorm sandy. a missouri man declined to reveal his name but he is carefully selecting his stop
cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the debt ceiling. both sides remain at a standoff over the issue of raising taxes on higher income earners. but the president said he will not sign any bill that does not include higher taxes for top earners. the white house is calling this...
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Dec 4, 2012
12/12
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FOXNEWSW
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the president shoots down the republican's plan to avoid the fiscal cliff almost asap. was it because it was a bad deal but his favorite deal could be no deal at all. i feel like i am playing let's make a deal. remember that show? >> steve: meanwhile fascianista and mentor about to get a major promotion from the president? is she qualified to be a u.s. ambassador and run an embassy? we ask you ladies and gentlemenn of the jury. >> brian: she would be best dressed. fired for being a man. bell ringer was silenced because the girls bring in more christmas cash. is that true? "fox and friends" starts right now. ♪ >> steve: welcome aboard, folks. live from studio e. brian has a lot of friend exercise family members that watch the program. call him throughout the program today, because unbeknowns to you. prian cell phone has fallen through a hole of the jacket pocket and stuck in the lining. >> brian: it dropped through the lining and a secret passage. >> gretchen: give me that coat. >> brian: this is how i function. >> gretchen: somebody get scissors . i can feel the calls
the president shoots down the republican's plan to avoid the fiscal cliff almost asap. was it because it was a bad deal but his favorite deal could be no deal at all. i feel like i am playing let's make a deal. remember that show? >> steve: meanwhile fascianista and mentor about to get a major promotion from the president? is she qualified to be a u.s. ambassador and run an embassy? we ask you ladies and gentlemenn of the jury. >> brian: she would be best dressed. fired for being a...
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Dec 7, 2012
12/12
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CSPAN
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with the so- called fiscal cliff. he says the house will not the interim until an agreement is reached a preventing tax increases and spending cuts scheduled to take effect in did worry. live coverage as always on c- span. and john boehner are just spoke to reporters on capitol hill, on the so-called fiscal cliff negotiations and the economy, including this morning's release on the november jobs numbers. here are his comments. >> good morning, everyone. this is not a progress report, because there is no progress to report. when it comes to the fiscal cliff threatening the economy and jobs, the white house has wasted another week. eight days ago the treasury secretary came here to offer a plan that had twice the planned tax hikes the president campaigned on. more stimulus spending than the added cuts, and did and didn't but net -- in definite increase on the debt limit. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no counter offer
with the so- called fiscal cliff. he says the house will not the interim until an agreement is reached a preventing tax increases and spending cuts scheduled to take effect in did worry. live coverage as always on c- span. and john boehner are just spoke to reporters on capitol hill, on the so-called fiscal cliff negotiations and the economy, including this morning's release on the november jobs numbers. here are his comments. >> good morning, everyone. this is not a progress report,...
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Dec 4, 2012
12/12
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CNBC
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and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by saying you're not cutting spending, you're not coming to us on entitlements, but it's falling flat. no one's really listening and the white house has controlled the debate that it's all about the upper 2%. the first thing in texas you do is shrink the size of government, wouldn't you? >> well, we did that. we faced a substantial budget shortfall. we have a constitutional amendment that requires us to have a balanced budget, which frankly america needs that. >> i don't know what would happen. >> most states have that. >> the states that are -- i
and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama...
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Dec 1, 2012
12/12
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the fiscal cliff. but so far it's not looking like either side is willing to compromise. >> our next guest says there has been a failure in leadership to solve this crisis. joining us now is texas congressman louie gohmert. nice to see you. >> nice to see you. >> this is not necessarily against the president you have blasted g.o.p. leaders this week for a failure to lead basically saying we need to stand on our principles. they have a delegate -- delicate position to deal with. >> up until last week there had been a failure of leadership. the president out there finally pushing so far look we are going to forget the constitution. i'm going to basically pronounce law as i speak it congress hasn't done what i wanted, so we're just gonna ignore congress' constitutional right to appropriate. congress' constitutional right to set debt ceilings and we're going to ignore that that's what basically -- geithner basically announced. speaker boehner said look we can't allow that to happen. the fact is we can't. i
the fiscal cliff. but so far it's not looking like either side is willing to compromise. >> our next guest says there has been a failure in leadership to solve this crisis. joining us now is texas congressman louie gohmert. nice to see you. >> nice to see you. >> this is not necessarily against the president you have blasted g.o.p. leaders this week for a failure to lead basically saying we need to stand on our principles. they have a delegate -- delicate position to deal...